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Question 13 0.5 pts The court ordered that Zoo Limited to be wound up. At the liquidation process, the company had an piece of secured

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Question 13 0.5 pts The court ordered that Zoo Limited to be wound up. At the liquidation process, the company had an piece of secured leasehold land which cost $70 000 and had accumulated amortisation of $24 000. Receiver realised the asset for $50 000. There was also an outstanding mortgage payable of $35 000 secured against the leasehold land. The liquidation journal entries are which of the following? Dr. Liquidator's cash $50 000 Dr. Mortgage payable $35 000 Cr. Leasehold land $46 000 Cr. Liquidation $39 000 O Dr. Leasehold land $46 000 Dr. Mortgage payable $35 000 Cr. Liquidator's cash $50 000 Cr. Liquidation $31 000 Dr. Mortgage payable $15 000 Dr. Liquidator's cash $35 000 Cr. Leasehold land $46 000 Cr. Liquidation $4 000 Dr. Liquidator's cash $15 000 Dr. Mortgage payable $35 000 Cr. Leasehold land $46 000 Cr. Liquidation $4 000

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